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- Subscription Closed for ICICI Prudential Banking Fund & ICICI Prudential PSU Debt Fund
- Power Finance Corporation to launch tax free infrastructure bonds last week of December 2011
- What is a sales or repurchase / redemption price of Mutual Fund ?
| Subscription Closed for ICICI Prudential Banking Fund & ICICI Prudential PSU Debt Fund Posted: 22 Dec 2011 05:30 AM PST
ICICI Prudential Mutual Fund has stopped taking investments in ICICI Prudential Banking & PSU Debt Fund either through fresh or additional purchase or switch-ins with effect from December 21, 2011. ------------------------------------------------------- Buy Mutual Funds Online by selecting the Mutual Fund Schemes. Invest in Mutual Funds Online Mutual Funds Online
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| Power Finance Corporation to launch tax free infrastructure bonds last week of December 2011 Posted: 22 Dec 2011 05:26 AM PST Taking advantage of falling yields, the Power Finance Corporation (PFC) would look to raise ~4,000 crore through tax-free infrastructure bonds in the last week of December. The power sector lender is mulling the coupon it would be offered in a falling interest rate scenario. "Bonds with tenure of 10 and 15 years would be issued to the investors," Satnam Singh, chairman and managing director. The government-controlled non-banking financial company (NBFC) had earlier decided to issue the bonds in mid December. However, with the Reserve Bank of India hinting at reversal of the monetary policy stance, the easing of yields has made the company delay its plan by a couple of weeks. "We have been zeroing in on the coupon we would offer. It should be 8.3-8.4 per cent. Now that government yields are falling, we are deciding on what to offer to our investors," he said. The yields on 10-year government bonds have fallen to 8.32 per cent to 8.5 per cent since December 14. The interest will be offered on an annual basis. PFC had raised ~967 crore via tax-free infrastructure bonds in the first tranche. The company can raise a total of ~5,000 crore through the instrument. The lender is advertising for setting up a $1-billion private equity fund. "We have invited bids to set up the fund. The bids would be accepted till last week of January, after which, we would select the fund manager," he said. The firm is looking for a domestic fund manager to set up a private equity fund to finance projects by way of equity financing. ---------------------------------------------
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| What is a sales or repurchase / redemption price of Mutual Fund ? Posted: 22 Dec 2011 03:10 AM PST The price or NAV a unitholder is charged while investing in an open-ended scheme is called sales price. It may include sales load, if applicable. |
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